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Equinor and Polenergia get final clearance for Bałtyk 1 offshore wind

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Equinor and Polenergia have received the final environmental decision for the Bałtyk 1 offshore wind farm in Poland’s Baltic Sea. The clearance, issued by the Regional Director for Environmental Protection in Gdańsk, marks a key milestone ahead of Poland’s 2025 offshore wind auction. Bałtyk 1 will have a planned capacity of up to 1.56 GW and will be located 81 km off the Polish coast. Power from the project will be transmitted to the Krzemienica…

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U.S. halts Empire Wind 1 project, raising concerns among global suppliers

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Equinor has suspended offshore construction of its Empire Wind 1 project off the coast of New York following a stop-work order issued by U.S. Interior Secretary Doug Burgum. This unexpected directive has raised concerns among European suppliers who had committed to the U.S. offshore wind market.​  Empire Wind 1, a joint venture between Equinor and BP, was poised to become one of the largest offshore wind farms in the U.S., with an 810-megawatt capacity capable…

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German energy provider Uniper attracts interest from buyers

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The German government’s 99% stake in power company Uniper has attracted interest from potential buyers, including Abu Dhabi’s Taqa and Norway’s Equinor, according to Bloomberg News. Germany is looking to reduce its holding, with Uniper’s value expected to exceed €10bn ($10.3bn). The government is considering options to exit, either through a single buyer or a stock offering. Goldman Sachs Group is advising Uniper’s management, while UBS Group and Roland Berger are exploring strategies for reducing…

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Equinor secures $3bn financing for Empire Wind 1 offshore project

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Equinor has secured over $3bn in financing for its Empire Wind 1 offshore wind project, set to be the first to connect to the New York City grid.  The project, which will power 500,000 homes in New York, is scheduled to begin operations in 2027. Empire Wind 1, with a capacity of 810 MW, is part of a larger development that includes Empire Wind 2, which could add up to 1.2 GW. The project is…

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Equinor cuts 20% of renewables workforce amid offshore wind challenges

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According to a report by Reuters, Norway’s Equinor is reducing its renewables workforce by 20%, approximately 250 full-time roles, due to challenges in the offshore wind sector.  These challenges include cost inflation, high interest rates, and supply chain issues. Employees directly employed by the parent company will be offered roles in other business areas to minimize the number of layoffs. The company, which plays a significant role in the global offshore wind sector, has exited…

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Polenergia and Equinor finalise CTVs for Baltyk 2 and 3 wind farms

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Polenergia and Equinor Wind Power have finalized charter agreements for crew transfer vessels (CTVs) to support the construction of the Baltyk 2 and Baltyk 3 offshore wind farms in the Polish Baltic Sea, each with a capacity of 720 MW. Project companies MFW Bałtyk II and MFW Bałtyk III, formed by the two firms, are overseeing these agreements. For each project, two CTVs have been contracted: one with UK-based Njord Offshore and the other with…

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Doosan Enerbility, SGRE and Equinor sign MoU for South Korean wind farm

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Doosan Enerbility has entered into a memorandum of understanding (MoU) with Siemens Gamesa Renewable Energy (SGRE) and Equinor to collaborate on the 750MW Bandibuli floating offshore wind farm project off the coast of Ulsan, South Korea.   The project, led by Equinor, will deploy Siemens Gamesa’s 15MW large-size wind turbines, while Doosan Enerbility will assemble nacelles at its Changwon wind turbine facility. Doosan Enerbility, which started its offshore wind business in 2005, is the only company…